+Vote!
People Daily (Free subscription) | 06/11/2008
China's oil refiners suffered losses of more than 120 billion yuan (17.58 billion U.S. dollars) in the first nine months, says the China Petroleum and Chemical Industry Association (CPCIA). The world financial turmoil and economic downturn in the third quarter had a negative impact on the country's oil and chemical industries, according to a CPCIA report released on Nov. 5. Estimated sales revenue...
33Vote!
Globe and Mail (Free subscription) | 30/10/2008
PetroChina Co. Ltd. posted a 30-per-cent increase in third-quarter profit after crude oil prices surged to a record and output climbed. But record prices for oil in July hurt China Petroleum and Chemical Corp., which reported a 39-per-cent fall in profit because of higher crude costs. PetroChina's profit rose to 39.9 billion yuan ($7.1-billion) from 30.7 billion yuan a year earlier, the producer said...
+Vote!
People Daily (Free subscription) | 29/10/2008
China Petroleum and Chemical Corporation (Sinopec), Asia's biggest oil refiner, saw its net profit in the first three quarters fall 63.7 percent over the same period last year, pushed down by fuel price caps. The company's net profit was 17.642 billion yuan in the first nine months, or 0.203 yuan per share under China's accountant rule, the company said the in the report for the first three quarters...
+Vote!
Market Wire (Free subscription) | 14/10/2008
BEIJING (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- China Petroleum and Chemical Corporation (NYSE: SNP) (Sinopec) (Beijing) is nearing completion of a refinery and ethanol project in Fujian province and will begin running it early next spring. Sinopec said in a news release that its Fujian branch has finished about 92% of the construction. The project's investors include...
+Vote!
People Daily (Free subscription) | 10/10/2008
Sinopec, Asia's top refiner, saw 4.335 billion of its non-tradable shares freed-up on Friday, all belonging to its parent company, China Petroleum and Chemical Corp. (CPCC). CPCC said it would not cash in any of those shares. These shares accounted for 5 percent of its total capital stock. "We have never sold any Sinopec shares and we are not set to do so this time," an unspecified CPCC source told...
+Vote!
Business Wire (Free subscription) | 07/10/2008
CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting
+Vote!
People Daily (Free subscription) | 01/09/2008
China Petroleum and Chemical Corporation (Sinopec Corp) is expecting a loss in its August chemical production after reporting huge refining losses. Soaring naphtha prices and fierce market competition were behind the loss, an insider with the Sinopec Group, parent of Sinopec Corp, told Xinhua on Monday. The company reaped little profit from its July chemical production, which would turn into loss in...
+Vote!
People Daily (Free subscription) | 28/08/2008
China National Petroleum Corporation (CNPC) was ranked the best performing centrally-administered state-owned enterprise (SOE) in 2007, the state assets regulator said Thursday. China Petroleum and Chemical Corporation (Sinopec), Asia's top oil refiner, and China Mobile, the nation's biggest mobile network operator, took the second and third places respectively, according to the list issued by the...
+Vote!
People Daily (Free subscription) | 27/08/2008
On August 25, the No.1 oil refinery at the China Petroleum and Chemical Cooperation (Sinopec) issued a report of the first half of 2008. The report indicates its losses in the first half of the year were more than 23.7 billion RMB; while in the same period last year had earned 53.2 billion RMB. The sharp decrease amounted to over 144%. However, Sinopec still earned 9.339 billion Yuan with the support...
+Vote!
The Telegraph India (Free subscription) | 26/08/2008
New Delhi, Aug. 26: ONGC Videsh Ltd (OVL) has won the bid to take over UK-listed Imperial Energy for £1.4 billion, outsmarting rivals such as China Petroleum and Chemical Corp (Sinopec) and Korean National Oil Company. The all-cash deal will enable OVL to tap Siberian deposits.
1Vote!
Vietnam Business Finance (Free subscription) | 21/07/2008
A 4.5 billion USD oil refinery project will be built in central coastal Khanh Hoa province, an executive of the Viet Nam National Petroleum Corporation (Petrolimex) said. Chairman of Petrolimex’s Management Board Vu Ngoc Hai said that Petrolimex and its partner the China Petroleum and Chemical Corporation (Sinopec Corp.) are planning to survey the project’s site to make an initial report to
+Vote!
Globe and Mail (Free subscription) | 19/07/2008
Chinese oil giant Sinopec, formally known as China Petroleum and Chemical Corp., says its first-half profit will fall more than 50 per cent from the same period last year due to government controls that limit its ability to pass on record high crude costs to consumers. A Sinopec statement gave no estimate of first-half earnings, but Asia's biggest refiner reported a profit of 36.2 billion yuan ($5.34-billion)...
+Vote!
Market Wire (Free subscription) | 10/07/2008
TORONTO, ONTARIO (MARKET WIRE) Hanfeng Evergreen Inc. (TSX: HF) ("Hanfeng" or the "Company"), a leading producer of slow and controlled release fertilizers in China, announced today that it has been selected by the China Petroleum and Chemical Industry Association to participate in establishing the national standard for Urea Formaldehyde Slow Release Fertilizer (UF) and related UF products. Hanfeng...
+Vote!
Thaindian News (Free subscription) | 04/07/2008
Nicosia, July 3 (ANI): Saudi Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (Sinopec) are reportedly planning to expand their cooperation in an ethylene derivatives complex in the northern Chinese port of Tianjin. SABIC may raise its investment in the project to four billion dollars, instead of 1.7 billion dollars initially agreed between the [...]
+Vote!
Red Orbit (Free subscription) | 02/07/2008
Brazilian energy major Petrobras and the China Petroleum and Chemical Corporation have signed a memorandum of understanding aimed at a mutual commitment to increase the volume of business between the two companies.
